The world is quickly turning into a global village. The rapid developments in telecommunications have given a big boost to this movement. The entire world is slowly turning into a common market, with the Internet playing quite a big role in this development. The growth of e-commerce is an example of how people from Canada can just as easily sell goods to those in Australia as they might to people a few buildings away. Businesses, both big and small, have not been slow to respond to the need to reach out to a much wider range of people.
One of the results of this coming together of the world is seen in the growth of off-shoring. Why should a company decide to take to off-shoring? The primary reason for this is that companies want to reduce their expenditure as far as possible. If this means having a setup on a different continent so that the costs may reduce considerably, so be it. Transportation is certainly not a problem in this communication crazy world of ours. So China and India have emerged as top off-shoring destinations for countries from all parts of the globe.
A common mistake that we all make is to assume that off-shoring is the same as outsourcing....
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